The Tattle Teller has a printing press sitting idly in its back room.The press has no market value to another printer because the machine utilizes old technology.The firm could get $480 for the press as scrap metal.The press is six years old and riginally cost $174,000.The current book value is $3,570.The president of the firm is considering a new project and feels he can use this press for that project.What value,if any,should be assignedto the press as an initial cost of the new project?
A) $0
B) $480
C) $3,570
D) $3,090
E) $4,050
Correct Answer:
Verified
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